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CNBC
Sep 24, 2012 3:00pm EDT
iphone 5 s over the weekend. not enough for some analysts. they had expected more. and i guess selling 19 phones a second is not enough. on the flipside, rival google soaring today. shares there now poised to close at an all-time high. look at them, almost $750 a share. facebook taking a hit after barron's said the stock is still too pricey. >>> let's take a look where we stand as we approach the final stretch on monday. dow jones near the highs of the day. it's been a quiet session. up 12 points on the industrial average, fractional move at 12591. nasdaq and that's where you have the movement. down 0.5%, 15 points lower at 3165. tech sliding the market. s&p similar chart pattern, just shy of the high of the day but a declines on the standard & poor's. >>> we are in the final week of the month and quarter. the question is now is the time to take some money off the table, given all the concerns that are percolating ahead of the november elections and how far the market, frankly, has run over the summer. matt mccormick says the market is right for taking. todd of black bay group is telling
CNBC
Sep 19, 2012 3:00pm EDT
for this session after a pretty volatile open this morning now at 3188 on the nasdaq index. the s&p 500 is up 51/3 points. can this market continue the winning streak even if it is in baby steps? will lower oil and gas prices help if oil keeps heading lower? that's been a leader in this market. there's also a new survey that shows investor confidence is improving, something that hasn't happened since the crisis of 2008. >> pretty amazing, actually. it's our closing bell exchange now. in a moment, our rick santelli will be joining us. let's kick this off. you point out that in terms of investor sentiment, it's up from a low level, and the markets has more room to run. how much do you believe this is attributed to the price of oil? >> well, the price of oil is impacting the market, but it's all about the qe at this point. quantitative easing is really significantly impacting the market, irrespective of what the economy is doing. you're seeing a decoupling between the market and easing. the investor sentiment survey you talked about, yes, it's high, but there's still a lot of runway to
CNBC
Sep 26, 2012 3:00pm EDT
33,097. the s&p down almost 6 points now at 1435. >> tensions are continuing to rise in europe as we speak. the protesters sweeping the region for another day. protesting in greece and spain. really highlighting the great challenges that politicians there are facing in terms of getting austerity measures passed. with these images of violence in mind, many are wondering if europe's troubles will once again dominate the u.s. market. >> let's get thoughts on that in today's closing bell exchange from bill, david, and our own rick santelli. good to see you guys. welcome back. bill, you acknowledge all these issues, all these problems, but for you it's still time to invest, yes? >> absolutely. the average investor has been hearing all kinds of nasty stories for the last two years. a lot of people have gone to the sidelines and haven't been rewarded. the real ball game is to take advantage of the opportunities that exist. >> what are the opportunities, in your view, that exist? we've got the oil market really seeing a pretty good deceleration last couple of days. is that a buying opportuni
CNBC
Sep 17, 2012 3:00pm EDT
, 0.3%. and the s&p 500 index is down six points at 1459. >> with the fed rally behind us, what is it going to take to get closer for the dow for all-time intraday high which is just 600 points away? amazing we're only 600 points away. we have a pretty big plunge in energy prices hitting stocks. is this something else we should watch out for? >> let's talk about this on "closing bell exchange." d dani hughes, blacksmith, and jack from bull and bear partners in chicago. jack, do you have any sense -- i know you like gold and oil right now. why the selloff in oil the last hour and a half or so, do you know? >> well, two things. remember, the holiday market condition, and on top of that you've had a rumor they're going to wree lease something out of strategic petroleum reserve. it takes one note like that to drive the market. it's gold that's really the question. why is gold moving the way it is? these are both markets that can turn around very quickly. i would not be -- i would not be reading too much into that noise. >> dani, you're skeptical of this market at these levels. you thin
CNBC
Sep 21, 2012 3:00pm EDT
with the game on the session of 5.75. check the s&p 500, and we see where that's trading really flat on the session, just about a point higher. the last day for kraft before it gets replaced by united health and the dow industrials. will this steady march to dow 14,000 in an all-time high continue next week. >> we pose that question in today "closing bell" exchange w.us kevin o'brien of revere data, rod smith of river front investment group, cnbc contributor stephanie link, and our own rick santelli. kevin, you're a stock market bull, so this meltup towards 14,000. you think it continues for the dow? >> we think the market is headed in a pretty good direction. overall investor sentiment is quite positive. when you think about today, for example, with expirations, we call it the perfect storm of expirations and traditionally seen a lot of volatility there, and when you look at the vix, for example, over the past year, it's trading at basically a low, so the markets pretty much with thinking there's good general direction going forward, and we think that will continue for the dow and t
CNBC
Sep 13, 2012 3:00pm EDT
think it is a concern. it is something that's affecting behavior now. s again, i don't have a number, i don't know how big that effect is. certainly the sooner that can be resolved, the sooner it can be clarified, it will be beneficial not just because we avoid the cliff itself, but because we clarify for firms, for employers and investors how that's going to be resolved. so i think it's an issue that is of some consequence, yes. >> hi, mr. chairman. how much was the fiscal cliff a decision or a factor in your decision to do an open-ended qe instead of a fixed? or a fiscal uncertainty, more generally. >> we take the economy as we find it. there are a lot of head winds right now that are affecting the economy. there's fiscal head winds. there's international factors, including the situation in europe. there's factors arising from still impaired credit markets and so on. so we looked at that, looked at the economy from the perspective of, you know, how quickly it's been growing over the last six months to a year. and as i talked about in a speech in march, in order for employment gains to
CNBC
Sep 6, 2012 3:00pm EDT
board here. multidecade high and the s&p 500 is higher by 26 points. >> that is a four and a half year high. or there abouts. years near multiyear highs here, but will tomorrow's jobs number confirm or dispel this rally we're having today. will a good numb make the fed rethink the stimulus? >> we have steve leisman, rick santel santelli, jeff cox with us. we heard a lot of talk about qe 3 coming, but if we get a very good payroll number tomorrow, does that actually hurt the market because that means we will not get stimulus from the fed? >> i just want to warn you that you're asking me this question when i'm in mid-thought, and nothing may be more -- >> shall we let you finish your thought? >> no, let me give you whau it is right now. keep the camera on rick here. i think even despite a strong jobs report the federal reserve may act next week. i don't think there is much in the way of this number that will keep the fed from doing some form of additional easing. i think they are too far behind the eight-ball that any single report would meet their standard of sustainable and substantial
CNBC
Sep 28, 2012 3:00pm EDT
. still a 6%, 7% gain for the dow for the quarter. nasdaq's down 12 right now at 3123. the s&p 500 index is down about five points at 1441. >> we want to look at the history books. if history is any guide, things should be looking good for the bulls in the next few months. according to s&p capital iq, since the year 2000, the third quarter has only been negative three times. >> the index has seen an average gain in past fourth quarters. what about this year, especially in light of the elections, the unresolved fiscal cliff issue, all this quantitative easing money out there, the uncertainty in europe? let's look ahead in today's "closing bell" exchange. you know, carol, we've had this discussion this week about the games in the market don't seem to reflect the declines in the economy. there's sort of a disconnect. i think you agree with that, don't you? >> i absolutely agree with you, bill. i think all of september the market has been moved, not by what's going on here in the united states, but what's been going on in europe, which says to me two things. one, any bad news out of europe i
CNBC
Sep 20, 2012 3:00pm EDT
the nasdaq. the s&p 500 is down just two points. >> let's get more on today's big story. the ipo market heating up. five companies making their debuts today. >> five ipo's, that's the busiest week since late august, and the most in a single day, you guys mentioned it since february 8th. trulia really taking the show. pricing a dollar above its range, it's jumped close to 50% on its opening trading day. steady gains of just about 10% from the mid point of its price for the energy company. while all stocks that debuted today are in the green. not all have had such rosie reception from the market. the two banks, capital bank and national bank holding priced below their expected range, and only up slightly on the day. capital also priced below its range, it's trading roughly flat. it's hardly enough to lift the performance of the broader ipo class this year. it's up according to renaissance capital. that means it's widely performing. it still hasn't ripened, which could be a problem for smith electric. the company makes electric vehicles and it's aiming to raise about $76 million if
CNBC
Sep 11, 2012 3:00pm EDT
lagger today. we'll talk about that coming up. now at 3104. the s&p 500 index today is up 1/3% or five points. >> a lot of momentum in this market. investors clearly in the mood to buy ahead of the policy decision meting and a series of key meeting and votes on the future of the european debt crisis. in fact, check out these guys with these nifty robes that you see here. >> you like that, don't you? >> the fate of the world could rest in the hands of these german justices. who will vote on the limits of germany's power to say how its money should be used, how it should be spent on measures to save the economy in europe. any setback could hit the markets hard. we're waiting for this decision coming out tomorrow. >> could you see our supreme court wearing those outfits? i don't know. i don't know how ruth bader ginsburg would take to that. let's talk about this key event and other issues that could affect inves ves to bes on this busy week. we have donald cox with us. don, what do you make of this rally? this is a market that just wants to go higher despite the concerns both here and in
CNBC
Sep 14, 2012 3:00pm EDT
rising yet again. nasdaq playing along today as well. a gain of better than 1%. take a look at the s&p 500 which is higher today. let's take a closer look at today's rally. why investors seem to like the latest move by ben bernanke. john riding is not so convinced. he calls the move misguided and says the risks may outweigh the rewards. >> let's ask today's panel if they agree. joining us is paul christopher of wells fargo advisers, karen karen, and our own rick santelli. talk to us a bit about this. >> i'm not saying it's bad for the markets. we're getting a sugar rush. for the economy, it hurts savers. it hurts seniors. after qe-2, we saw a big commodity price increase, which squeezed earners as well because wages didn't go up, but inflation did. i'm very worried that this is actually going to hurt a whole bunch of people. on the borrowing side, even if rates come down and treasury yields have gone up since qe-3, on the borrowing side, people can't get the mortgages who need them. it doesn't matter what rate that mortgage is at. you get more bang for your buck focusing on who can get
CNBC
Sep 4, 2012 3:00pm EDT
announcement coming up for next week. and the s&p is up a fraction after having been sharply lower earlier. now at 1407. meantime, the democrats are kicking off their convention today as election day is a little over two months away. with that in mind, looking at how the markets have done between labor day and election day traditionally. in the months leading up to the re-election of president george w. bush in 2004 it was the best period for the markets among the three most recent election cycles. so as we kick off another cycle, should we expect the same thing? >> we're looking at it. let's get to "closing bell exchange." we have brian belske, alan nukman, chris costantinos and steve leasem steve li esman with us. >> there's a very good chance we give back a little bit of these summer gains that have surprised most investors, as most investors remember back in june, july, were so bearish. market ran in their faces a little bit. remember as bill said at the top of the broadcast, september traditionally is the worst month of the year. would not be surprised if we see some weakness.
CNBC
Sep 25, 2012 3:00pm EDT
of the day, down 24. s&p 500, weaker by 7 1/2. let's talk more about caterpillar. the stock down 3% after forecasting weak growth through 2015. investors clearly not happy to see another gloomy outlook. even a report showing an uptick in july home sales. >> is this a red flag given the company's status? we posed that question in our "closing bell" exchange today with michael, debra, jeff cox, and our own rick santelli. deb, what do you think? is this a one-time situation, or are we starting to see a trend after fedex and now caterpillar? >> well, we're definitely clearly seeing a trend because these aren't small companies that are starting to give us warnings. the thing that worries me about caterpillar is when we look at these jobs numbers every month, the shining spot has been mining. here we go. we're going to start to lose these mining jobs. that's a big concern. >> so what is the issue here? is it china slowing down? is it the u.s.? where would you put the biggest blame in terms of the c.a.t. expectations? >> well, i think obviously with the commodity prices coming down, it's
CNBC
Sep 5, 2012 3:00pm EDT
points at the best. up now 16 points on the average. nasdaq is down, and the s&p 500 looks like this, a collar chart. back to that potential red flag for the economy. this is fed ex and ups after they cut their earnings for the first quarter. >> since they're seen as a bell weather, what do the warnings say about where the economy and the upcoming holiday season may be headed. we have guests with us now to discuss it. todd, what does this warning mean to you? you're worried about other companies as well, right? >> yes, fedex used to be a approximaty. if you want to die sect the warning, look at some of the retailers out there. remember, amazon uses fed ex, and if they're coming out with this warning, it means that people are not spending money. >> it's interesting, despite your general optimism, you see general downside scenarios hear. is it a result of what we hear going on? >> absolutely, it's not necessarily fedex, we're in a structural deleveraging economy. we're trying to work off the excess with a under capitalized banking system and high levels of unemployment, and they will prob
CNBC
Sep 18, 2012 3:00pm EDT
. the s&p 500 also lower by four points. 14,057. >> anything can happen in this final hour. investors so far today have been weighing the upbeat housing data that we got this morning. apple's stocks surged, hit $700 for a time. then fedex's lower earnings outlook may be trumping all so far today. >> in today's "closing bell," we have david pearl and steve liesman standing by. and rick santelli. brian, we're starting with you. improved signs in consumer confidence. then fedex slashes its outlook. where do you come down on those two data points? should we be worried? >> i think what they said at fedex was exactly right. the consumer is kind of looking for a value proposition. the fact that grown shipments are doing well, but people aren't spending up to get it faster to them as people buy from the internet, they get used to that delay of getting their goods. >> is their bottom line about the economy? i mean, it's cable. is it good or bad? >> i think the bottom line of the economy is it's fine. i'm still worried about the international side of the equation, but domestically i think we're
CNBC
Sep 27, 2012 3:00pm EDT
of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's an iceberg dead ahead. this market doesn't act like it today. >> no, it doesn't. you can see today investors are so focused on the global stimlouse story that they're missing the big picture. the big picture is the fact that the economic data, particularly global manufacturing data, is absolutely
CNBC
Sep 10, 2012 3:00pm EDT
hardest hit right now, down almost a percent at 3110. the s&p is down four points at 1433. let's get reaction to today's markets. investors may be in the holding pattern but debora calls this a teflon market. she says no matter what negative news we throw at it, it doesn't stick. we'll talk about that as the fed decision comes down the pipe. our steve liesman and rick santelli join us as well. debora, i mean, you're right. we are sitting here with a weak economy, a bad jobs report and the stock market just continues going higher. what do you make of that? >> my general feeling is that we've started to get past europe. jpmorgan said they're overweight european securities. if we were going to get selling, we would have seen that on friday. like you said, that was a terrible jobs report. we've been in this europe situation for three years now. they've had meetings and meetings to discuss meetings. so, we're starting to feel, you know what, it's going to be okay over there. ben bernanke, he's going to stay they're going to do whatever it takes. they're concerned about jobs. the same old
CNBC
Sep 7, 2012 3:00pm EDT
slightly positive -- >> give it another couple minutes. >> 3134, the s&p is still in positive territory. >> it's like the weather in hawaii, you don't like it now? just wait it will get better. a bailout may be a fore gone conclusion, but is this likely to happen because our economy is not better -- >> we have steve leisman and rick santelli. the jobs report was not pretty, are we still maintaining the levels that we've got because of hopes of the central bank acting next week. >> yeah, i think it's a global liquidity, and i think the behavior all argue for that premise. steve tough to find silver linings but they revised june and july as well. >> yeah, it was pretty uniform, normally you find some that tell you look at this this way or that way. the only thing i can find good about it is most of the job losses were concentrated. manufacturing on one hand and government on the other. manufacturing was a snap back. i just want to show you this graph we put together here. this shows the range of estimates. the blue line is the median and the green is the actual. did they miss by a lot, no
CNBC
Sep 12, 2012 3:00pm EDT
economic issue is j-o-b-s. we have 31 million more people in this country than we had ten years ago, but we have fewer pooe people working today. >> it's been one of your favorite stocks this year. do you still like it at these levels? >> yes, we do. it's going to solve there for a while until people begin to see how it's going to move. but we think the demand is there. they and the korean couple -- i'm not going to say their name -- but they share about a 46% market share of the phones that are over $400. so the high end of the market, china, new demand, new products coming, we're good with buying apple and how could you not like a company with $100 million in cash? thanks for joining us today. that st the ficht
FOX Business
Sep 24, 2012 3:00pm EDT
than 3.5% today, but what looks really good? utilities are the bright spot in the market leading s&p as investors look for a safer play because we got a germany sentiment, a business sentiments index not looking strong. there's concerns about the global market, but we have every angle covered in the last hour of trading. to the floor, the ones we know and love at the cme group and new york stock exchange. okay, ben willis, focusing on the fact september not looking that bad for the month. >> no, it doesn't. as you said earlier, it's normal. it's historical performance where it's a down month ahead of october, but, again, you have to -- the single biggest factor into that movement is because of the central bank's hot air. there was ben bernanke clunk the market up and it managed to hold on into the closing sessions of this week. the s&p closing, window dressing from the huge funds that may not have participated in the move, but, still, 3 #.5% is a very nice move for a month that's traditionally a down month. liz: i know, and september, i try to tell people usually it's bad, but the
FOX Business
Sep 26, 2012 3:00pm EDT
upside or the down. there will be uncertainty. the stock market hopes the 1425 level in the s&p and more consolidation may be bleed down to the $85 level and that is it because of the geopolitical situation. melissa: it will be fascinating. the middle east and china and the election in this country and it is not a boring time for market participants. thank you very much. always good to talk to you on this show. no home sales down slightly in august from the month of july but my next guest says we are in the second inning of a housing recovery. a fox business exclusive, american century investment portfolio manager you make money on housing. we are only in the first and second inning. i would think it would be more advanced. >> we think the housing market peaked in 2006. we have been in a six year decline in housing. last year with record low mortgage rates and low prices in housing home sales were flat to down. this year we finally saw a change in psychology. new home sales are up and home prices of 4% to 5%. aflac six your sell-off it bottomed. cheryl: and interesting point about recove
FOX Business
Sep 4, 2012 3:00pm EDT
for the dow. here's the s&p 500. it is a nice picture to look at, especially if you woke up this morning and haven't checked since this afternoon. welcome to september. traditionally the worst month of the year for stocks. right. so the dow has ended september in the red 60% of the time since 1915. but don't worry, we have a team of experts coming up to help keep your portfolio in the green this month, in advance of what we always know as a pretty weak month. right? september terrible? maybe not this time. one thing that's not in the green though is our national debt. it is fast approaching 16 trillion dollars. it's expected to cross that number this evening and of course we're watching it. look, it is a number, a psychological number, but it is something we need to really watch. it is important. european central bank president is making waves as usual from across the pond with more comments about a possible european bond market intervention this week. but let's find you some value here at home. we have the ceo of a company that has paid a dividend since world war ii. back then t
FOX Business
Sep 11, 2012 3:00pm EDT
get your take on what -- on where we're at with the s&p. how do you factor in what bernanke may or may not do come thursday? >> the market has factored it in. they obviously believe there's going to be an ease come tomorrow. i'm not so certain. and even if it does, there's going to be a break in this market. we've had an incredible rally over time, and you may see a little more pop after that announcement, but i'm not willing to buy yet just on the unlikely event he doesn't do anything, you're going to see a pretty decent breakdown here. you could reach in a hard-pressed way down to 1397. i don't think we go that far, but then buy into it because i do like the market fundamentals. cheryl: you see buying opportunities even at that level, that's good to know for all of our viewers. over at the nymex we've got tom reilly standing by. tom, obviously, i want to start with oil because, obviously, as we look at now that summer is over, we're moving into the change for the gasoline blends, yet we're still seeing strength in the oil contract. why? >> well, i think what the priest speaker wa
FOX Business
Sep 19, 2012 3:00pm EDT
s&p performer, but this all changes depending on the headlines. let's get right to the floor show and get the real story, see how your money is moving. we have traders at the new york stock exchange, cme group and the nymex. mike mcfarland we will get to you first. what people thought might be a one day story on monday which is the dramatic slide in oil continues now. we have to point out that it has far-reaching effects on a lot of people's stocks, any energy intensive companies not just energy companies; right? >> yes, absolutely. obviously it wasn't a one day thing. it was kind of like a mini flash crash we were calling it down here the other day. no one really knew where that came from. but i think the sentiment going forward is there's rumors of an spr release by the current administration. liz: strategic petroleum reserve. >> people are talking about that. that's something maybe going forward into election cycle, you are not supposed to use that for political, but however you will see how the president does with this. the saudis are talking if anything goes wrong in the midd
CNBC
Sep 6, 2012 4:00pm EDT
high there, aren't we? nasdaq is a 12 year high, and the s&p about a four and a half year high, a 2% gain there. >> investors cheering europe's bond buying plan today. is this market rally here to stay? especially in a months that historically one of the worst months of the year. >> we have our panel to weigh in as we look at our jobs reform tomorrow. meg mcclellin, and rick santelli is staying late for us. rick, what do you make of the market response today? very dramatic and strong. >> i agree it's government induced, but it doesn't change the fact that everybody in that s&p pit, if they choose to take out their money, their going to get a check. it's real in that regard. i think a better question is one or two years down the road, will spain's unemployment and housing going to catch up with it? and i heard headlines out of spain, rates have dropped, do we even need a bail out, do they not understand what's going on? >> randy, what about you, is europe's crisis really contained? do you buy into this rally? >> we have been listening to this for so long. at least this is a positive
FOX Business
Sep 18, 2012 3:00pm EDT
dow jones industrials. the s&p up double-digit percentages bose year-to-date and year over year. you say it is time for a pullback but the word should comes in to play. the market should do this but will it? >> i thought it would do it sooner but we have had the hot wind effective you will. not on profs but on the equity markets led by the central bank's. mario draghi had the most significant impact and if you look at the chart you will see moves when the central bank started to drive us higher. we started this pull back in june and then we started this climb. what i have been saying is it is healthy for a market the way i used the same analogy if you want to help the rosebush you can prune it every once in awhile. this is a time for an investor. traders trade on this minutia every day. if you are an investor you need to look for times when stocks go on sale and do that pullback because that is when you step in. liz: let's get to the isn't he 500 because that is the question by how much should we see an essen people back? >> a healthy pullback is 3%. a significant pullback would be t
FOX Business
Sep 21, 2012 3:00pm EDT
at $14.65 monday so it will get back but the quarterly s&p balance, the 500, and the 600 where you see a lot of movement. you know that it is higher today and face more on the s&p rebound, watch the close today where you will see a lot come in and index managers and anyone who matches the s&p 500 index will write their position for the ads and that is where we see a lot of transaction. liz: we are right through the closing bell to make sure you get all the information you need including the nasdaq is at a 12 year high. very important perspective. in the cme you look at day-to-day moment but when you stretch it out it is a heck of a time for the nasdaq looking very strong. >> the nasdaq takes a look at apple and the tech sector has been extremely strong and the markets themselves with all the bailouts and everything going on, quantitative easing the markets go higher. silly to try to fight this because the market itself tells you wants to go higher. fundamentals not where they should be but the nasdaq making new highs and continues to go forward with google as well. liz: it is thatl
CNBC
Sep 13, 2012 4:00pm EDT
1.5% up on the dow. s&p 500 tonight with financials also higher. technology up 23 points. the s&p 500 at 1459. talking about the highest close on the standard and poors since december 31st of 2007. federal reserve action certainly stimulating the markets today. that's for sure. is the short-term gain eventually going to create long-term pain? ben pace is the u.s. chief investment officer or deutsch bank. also in the conversation, our own steve liesman and rick santelli. >> we love it near term. the only thing we're not certain about, and there's questions about whether this is the all-clear sign for the kind of price earnings mull. expansion we've been looking for. we tend right now to doubt it because the economy is slow. you have your fiscal issues. corporations are still sitting on the sidelines waiting for resolution of the tax and regulatory policies. they're the ones that have to spend to really bring the unemployment down. we don't know how much ben bernanke and the fomc could do about that right now. >> steve liesman, what do you look for in terms of the next catalyst here? wi
CNBC
Sep 28, 2012 4:00pm EDT
next week. nasdaq gave up about 20 points. that's two-thirds of 1%. the s&p 500 weaker today by 6 2/3. that's about 0.5%. let's close the books on the third quarter. time to get ready for what could be a rocky fourth quarter. our next guests are cautious going into the end of the year. they're joining me now to tell you how to prepare for the volatility. gentlemen, good to have you on the program. thank you for joining us. who is worried about the fourth quarter? eric? >> well, yeah. i'm worried about the impact of the fiscal cliff debate. if we go over the fiscal cliff, the u.s. goes into recession. the map is actually just arithmetic. it's north tht that complicated. we think the debate will be uglier than it needs to be and that will create a lot of volatility. >> we are expecting an earnings comeback in the fourth quarter. do you think this is a question -- i'm asking everybody. do you think the contraction we're expecting to see for third quarter earnings is priced into the market, or is this going to be unexpected? >> i don't think it's priced in -- major contraction is priced
FOX Business
Sep 28, 2012 3:00pm EDT
banks look pretty solvent. we are in the last hour of trading. the dow up more than 4%. the s&p five nearly 6% over the last three months. the major industries showing gains and the volatility index down. that means more investor confidence and equities. you may not feel good about the situation, the markets are worth investing better numbers. you have to watch this whole hour to see how we turn out for the month of september. let's get right to the floor show. you take a breath and you look over three months. it looks pretty good. did that get repeated in the fourth quarter? >> people will look at three months and say it is good. i think, you know, the way we are climbing back and keep going up month after month i was slowly, but surely, i think slowly but surely will continue to do the same thing in the fourth quarter. maybe a boring fourth-quarter, but i think a slight upturn. liz: wait a minute. bobby went corporate. i cannot believe this new look. >> not exactly. liz: there is a ponytail in the back. let's get to the cme. he has really looked very much the same over the pas
CNBC
Sep 20, 2012 4:00pm EDT
points on the session. nasdaq and s&p 500 under water today by a fraction. nasdaq down about six points. and the s&p 500 down just a fraction. the market may be continuing a steady klein. risk on phase is only temporary. resolution of the fiscal cliff will be destabilizing for the equity markets. ben pace joins me right now. also joining the conversation is chase wealth management's anthony khan. and rick santelli. gentlemen, good to have you on the program. let me kick it off with you. you're looking for some fundamental fiscal policy, in order to get things moving again. will we get it? >> that'sed big uncertainty right now. i think monetary policy has done what they could do right now. a lot of corporations who have cash on the balance sheets are waiting for some resolution around tax policy, regulatory policy, what their costs going-forward are going to be before they start to hire. and one of the things is to get unemployment down. it's going to take a little longer until we get that kind of resolution. >> stay out of this market at your own risk. >> we're not out. we're just sayin
FOX Business
Sep 17, 2012 3:00pm EDT
explanation we have seen thus far trading on the s&p futures and options off to my right, and there you go. that is the best i can do. this overshadows, by the way, huge moves in grains today. maybe better than we thought. cheryl: amazing what a little rain could do. nicole petallides, i want to go to you now, talking about the rumor obviously telling me a few moments ago, nicole, staring at the old contract on the floor. what are you watching? nicole: when you see a big move like that, that is dramatic. why was that happening? that is the appropriate reason as to why that would happen with selling going into the closing bell for oil. look at the intraday chart and how the equities are faring. some are doing better, and then they sold off, the equities moving right along with the commodity itself when exxon and chevron hits, 52-week highs. devalued dollar, commodities go higher, that is just the relationship. there's no doubt president obama sits in the white house and says listen, don't want gasoline to be going through the roof right before election day. he has got to be thinking
FOX Business
Sep 10, 2012 3:00pm EDT
in copper the likes of what we've seen today and piggyback that on to thursday, the s&p 500 hitting multiyear highs, can you square the two away, or does this all hinge or what central bankers are doing? >> it's going to come down to what the central bankers are doing. you go back to a month ago when this all started, they really haven't made any major steps here. they're just telling you what they're going to do to continue to keep monetary policy easy for the coming years. the stock market is susceptible to headline risks, and i think right now this is a perfect example. what will the fed do on thursday, and how will the stocks react if they don't get enough stimulus? liz: yeah. and we should also say we're seeing the exact same trading behavior at the nymex, alan. crude oil was down, now it's up. it's not 46 times crossing the flat line, but nonetheless, when there's this kind of indecision, it just makes you believe everybody's waiting on the federal reserve decision on thursday. >> yes, you're right. we're seeing very much a similar aspect we've seen in equities today. it is in
FOX Business
Sep 7, 2012 3:00pm EDT
mixed picture here, green versus blue. wells fargo, up 9 cents. the dow nasdaq and s&p all set to close out this week with gains. let's get to nicole petallides on the floor of the new york stock exchange and sandra smith at the cme. nicole? nicole: you just talked about smith and wesson, we have seen the firearm companies doing so well. how about another group, how about the automakers, right? guns are hot but so are the hot cars and trucks more importantly because pick up trucks have done particularly well in the latest report. let's take a look here, gm up 3 1/2%. ford motor up more than 2%. it is a great day for automakers on the heels of some great sales numbers that we have been seeing. also gm working very hard to bring jobs in house and now building up their i.t. center where they will be hiring software developers and database experts. and ford in the meantime has been revamping models to take on nissan. it's been showing up their next european line up this week. there's been a lot going on with these automakers. sales have been on the rise. hey the stocks are pretty nice today
CNBC
Sep 19, 2012 4:00pm EDT
. nasdaq also off of the best levels with a gain on the session of about five points. the s&p 500 up but just barely. up by 1 2/3 points. most investors would likely be happy if that's how the year ended for this market. some are worried there's more downside to come. this market, rather than upside, between now and year end. from the fiscal cliff to the election to the market worries. should we be happy to hold on to what we have? let's get into our panel right now and get some thoughts. tim holland, thomas lee of jpmorgan along with our own bri brian shackman and rick santelli. tom, you came out with a report today. i know you had a call with investors. talk to us about what you envision for this market. >> well, you know, what we're talking about is a phenomena that's really happened in each of the last three years, such as 2009, 2010, 2011. we get in towards the final quarter of the year, active managers, which is mostly mutual funds, are trailing their benchmark. in order to close that performance gap, which is the biggest since 1995, they have to buy stocks that will outperform
FOX Business
Sep 12, 2012 3:00pm EDT
industrial, give or take, up 12 points, s&p clinging, same with the nasdaq. we have dori, lincoln, and mike. first to dorene. does it surprise you were were up 50 points on the dow jones industrial, but lost it. is this a down day? just up two points rights now. >> well, i think honestly, you know, this morning, everybody was happy because the germans would back the euro, but the news from the middle east, we're losing the market more and more and more. as the talk ramps up, we're uncertain what's going to happen. this is potentially a large problem. it's getting a lot of attention here on the floor. the other conversation that we're having is the amount of dollars that are beginning to the g.o.p. versus the democrats. you know, in take into -- in 2008, the money went to the democrats. politics, the middle east, and the conference here. liz: the dow and nasdaq went negative as you were talking. lincoln, one of the things we saw, the viewers invest in treasuries. we saw the 10-year and 30-year pick up a couple basis points. what message does that send to the traders in the pits? >>
FOX Business
Sep 6, 2012 3:00pm EDT
stocks in the s&p 500 hitting 52 week highs. three of them, google, craft and disney. the nasdaq 100 hitting a 12 month intraday high. peak levels not seen since the internet boom in 1999-2000. the big winner in the index and breaking news over the past 15 minutes is amazon.com coming out with the kindle and the kindle fire. eight week battery life. will last eight weeks. amazon hitting an all-time high. it is not just stocks. if you don't own equities and you have been in gold and silver they are getting major bumps. gold at its highest level since march and silver at its highest level since april. president obama prepares to take the stage at the democratic national convention, we are taking you to the democratic national convention to speak with former wall street banker who has stood by the president. there are not a lot of bankers who like the president. tough on regulations with wall street but we have a fox business exclusive with chairman robert wolfe on what president obama needs and has to say tonight to convince voters he is pro-business. the bond buying bombshell from the
FOX Business
Sep 25, 2012 3:00pm EDT
with the s&p falling after philadelphia fed president's comments on fox business that q e 3, quantitative easing will not help to boost jobs or lower the unemployment rate. fox business makes business. peter barnes has the exclusive interview. we have much more coming up. let's look at the dow jones industrials losing steam coming down. earlier today we were up 61 points. a few seconds before we came out of the commercial break we were down 45 points at lows of the session falling further down 50 points. we have caterpillar as the biggest drag shaving 25 points off of the dow after it cut 2015 revenue forecast same 2015 is far out but that is one commodity producers or the guys to indicate what they are ordering and cutting back on their orders so we are cutting back on hearings. shares of tesla motors getting slammed after the company lowered its revenue forecast due to slow rollout which is new model x. the most expensive electric vehicle. very fancy. we spoke to elon musk on the floor of his tax locomotor company and got a much different story. something must have happene
CNBC
Sep 18, 2012 4:00pm EDT
s&p will be slightly lower when all is said and done today. so this fed-fueled rally from last week has been losing steam. but will it reignite at some point? what's it going to take to do that? >> joining us to discuss where we go from here, rob morgan, brad freedlander and dan mcman with raymond james. good to see you. what do you think here? what where do we go from here? let me start with you, rob. what's next? >> i continue to like stocks here. i think it's still a heated rally. there's a lot of money on the sidelines fueling this rally. the s&p 500 is still fairly cheap. i do think sam said a minute ago maybe this is a trough and we'll know in the third quarter. >> don't you think earnings expectations are a little too high right now? >> well, bill, i think when you look at the absolute growth numbers, they're double digits. that's partly because things have been so bad here recently that it's a low bar across. so i'm not so sure that's the case that they're too high. >> brad, you look like you're itching to get in on this. are expectations too high for earnings as we move int
CNBC
Sep 27, 2012 4:00pm EDT
. nasdaq also higher. technology one of the bright spots today. 42 points higher on nasdaq. the s&p 500 higher by 14 points at 1447. the rally today certainly taking the dow one day closer to another month of gains. if we manage to stay in the green tomorrow, that means the market would be up 11 out of the last 12 months. keep in mind tomorrow is not just the end of the month, but also the end of the quarter. what should investors brace for as we end the third quarter? we'll bring in our guests. good to see you guys. we've been talking about institutions chasing beta, large pools of money. do you buy into that if sn ? do you think that continues? >> we really have seen that. it's been a phenomenon since the market fumbled around the lows in july of this year. it's been across the board. it's been in commodities. it's been in domestic stocks. it's been in international stocks. there's so much cash on the sidelines. anything with price momentum. victory, we got victory. that's continued on. it seems to be holding a trend that will, again, probably get us through at least the end of the qu
CNBC
Sep 24, 2012 4:00pm EDT
and apple have made up 73% of the nasdaq 100's gains in the third quarter. a similar story all year. take a look at how we're finishing on wall street. dow jones industrial down 19.5 points. art cashin telling us earlier there were sale imbalances. 13,559 at the last trade on blue chip average. volume once again on the light side today on the heels of heavy volume friday with the s&p rebalance. s&p 500 giving up three points today, about 0.25, 1456. nasdaq gave up 20 points, to finish 3160. we're getting closer and closer to the election and more investors are concerned about a major market slide ahead of it. we're a week ahead from the always dangerous october. what are our next guests expecting? we get to our guests doug cody, wells fargo funds management margie patell, and rebecca patterson and our own rick s santelli. rebecca, you're looking at more than equities, in particular currencies. what's the latest out of europe and where you would be positioned? >> we do have some exposure to europe in our portfolios right now in the equity market but it's selective. it's companies tha
FOX Business
Sep 5, 2012 3:00pm EDT
leaning a little bit. nasdaq and s&p 500, just a matter of stoc stuck in the muda little bit, perhaps thinking nokia stocks with the announcement of the new windows phone supposed to be a big deal, the company is not doing well right now. the company still trying to stay in the smartphone game. we have the ceo. and ranked one of the top female advisors, she is going to tell you the three most important investing secrets she is giving her hundreds of multimillion dollar's clients right now. [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending. so instead of having to deal with a tight budget, you could have a tighter family. ♪ wells fargo. together we'll go far. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's
CNBC
Sep 5, 2012 4:00pm EDT
the low volatility, here is something out of btig. the s&p has not closed up or down 1%. it's only happened ten times in the last 15 years, and 80% of the time, three months out, the market has been up an average of 4%. >> stick with us, a lot more to come your way on this special wednesday edition of the "closing bell." >> coming up, easing the fed. >> i think we should go and split up investment banking from banking. >> sandy wyle opens some ies on the street with those comments, now william harrison tells maria why the former city group chairman could not be more wrong. and clintonomics. do different times kaulg for different measures? former obama economic advisor peter orszag weighs in. plus, keeping up with kim kardashian. she's laying the grounds for a fashion empire and she's talking only to maria. ch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's
CNBC
Sep 21, 2012 4:00pm EDT
the nasdaq and the s&p down on the average. fractional losses there. you see the volume number obviously picking up because of that rebalance today. more than a billion shares here alone at big board. stocks seeing a host of headlines today. number one, it's quadruple witching day in the markets which basically means a lot of volatility and volume picking up which we just saw. the s&p 500 rebalancing just now, both contributing to the lower finish on wall street. that's not enough? kraft leaving the dow jones industrial average today being replaced by united health care what. will that mean for the markets? we bring in lee moungton, cliff davis and our own rick santelli. gentlemen, good to have you on the program. thanks so much for spending the time. >> thanks for being here. >> lee, let's talk stocks here. what should investors make out of the s&p rebalance tonight? >> well, i think the first thing is what are the top things that are going to rebalance, apple, google, berkshire hathaway so instead of trying to find a way to game the system or find a trade, back in the 1990s y
CNBC
Sep 14, 2012 4:00pm EDT
bounces at the close. nasdaq up 28 points, nearly 1%. and the s&p 500 picks up 5 2/3 points. that's about a third of a percent. the dow continues its climb higher, getting closer and closer to the all-time high the market hit back in 2007. does the rally have more room to run, or is it time to take money off table? so where do we go from here, gentlem gentlemen? let's talk about putting money to work in this market. do you still feel bullish, jim? >> yes, we feel fairly bullish. it's not going to be a straight line. everybody expects it to be a one-way street. we think that between now and the end of the year the market's going to be working its way upward. both here, which is the leading economy in the world at this point, leading in the sense we're in the forefront of the economic movement, and in europe or latin america, asia, around the world the central banks are easing up. they realize that we're looking at a worldwide recession. so we think that easing is going to give us some money. >> jeff cox, a lot of money on the sidelines here. that money may very well come into this ma
CNBC
Sep 25, 2012 4:00pm EDT
assessment of the day. as we head toward the close, about the lows for the session with the s&p and dow trading lower at this hour. that's the first hour of the "closing bell." i'll see you tomorrow. here's hour number two with maria and special guest host terry duffy. >>> it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo today at cnbc world headquarters. a late day slide on wall street with the s&p 500 breaking below the key technical level of 1450. the s&p and nasdaq having their worst days in months. protests in spain today demanding parliament be dissolved and elections be held. we'll bring you the details on the ground in madrid coming up. meanwhile, the market closing at the lows of the day. things intensifying at the end of the day amidst what's happening in spain as well as the week that we are ending, the third quarter. expectations that earnings are coming in after caterpillar warns and fedex a couple weeks ago. liz saunders says she's beginning to see things in this market that can be a good thin
CNBC
Sep 11, 2012 4:00pm EDT
. stay with us on that. later, with facebook's stock slumping to half the original ipo price s it time for mark zuckerberg to hands over the reigns to a more seasoned executive? then we'll take you live to an event he's speaking at. you're watching "closing bell" on cnbc, first in business worldwide. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade a
CNBC
Sep 12, 2012 4:00pm EDT
session. up 10.75 points at 13,334. the nasdaq composite picks up to 31.14. and the s&p 500 flat up three points on the day at 1436. governments to the rescue again across the atlantic. germany's top court upholding the bailout fund. here at home, all eyes on tomorrow's key announcement on february 3rd. what can investors expect? we'll bring in todd of shaver's investment research, david myth of rockland adjustment and mandy drury. >>> you see even if the fete announces -- to the market --? i said, hey, this is a good opportunity because we know what is coming down the pike. the fed is going to lay their cards on the table. it's a trader's market. it has been all year. you've got the buy the rumor and sell the news. this is an opportunity if we get another spike tomorrow to take the chips off the table. we're going to get a better opportunity as the year unwinds to buy weakness. this is not the time to be buying into strengths. >> mandy, what do you think investors want to hear from the fed tomorrow? >> you know, maria, i think we can put this down to two simple things. qe, is it go
FOX Business
Sep 20, 2012 3:00pm EDT
against the stock market. exxon up year-to-date, and s&p is about double that. chevron also underperforming the broader market up just 11% this year. credit switch said 135 is their price target, ubs reiterated they are buying, and guess what? the pe on chevron is just eight. they are cheap stocks right now. liz: i'd take 11%. i've had worse investments than that. rich, it was a year -- a year -- feels like a year, but a week ago tomorrow that somehow inside the beltway maybe the administration is worried about what was happening in the middle east to tap the strategic rereceivers, and the administration said no way. there's the impact of other things aroundus as well. >> that's right. we talked about energy regulations here my awhile, the continued fight goes on, and this time, energy and the environment, and this evening, the house beginning considering a bill to curb rules on coal mining and carbon regulations. republicans running on this saying government rules reduce energy production and slow the economy. for coal alone, the federal registrar says there's more than 180
FOX Business
Sep 27, 2012 3:00pm EDT
resistance level, 1449 s. and p. you have to make sure you protect yourself because i do believe a correction is on the horizon. based on the fed says, nobody cares about gdp, all we care about is the fact the fed will help us, the fed is not helping the average american, instead helping the banks. we have to watch out what we have, we are really in a big bubble. they fall, and probably up to 8%. ashley: the market moving higher on spain, i say so what, greece has a budget, we know what happened there. >> exactly. i think it has nothing to do, the market had five days in a row of down and a little bones. ashley: bring in now at the nymex. no gold is at a seven-month high, but a lot of talk about silver. >> i think silver is going to follow the gold market. i guess it is the same sort of trade. have you seen was going on with the oil market today? we saw oil rally back up $2 after being down the last couple of weeks, we have some comment that came out from netanyahu. we have really strong gasoline prices, think this is something people should look at. ashley: thank you very much for
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